Share this article
TSMC Expects 'Strong' Crypto Mining Demand to Continue
Cryptocurrency mining demand provided a boost to TSMC's fourth-quarter revenue, according to new statements from the foundry giant.
By Stan Higgins
Updated Sep 13, 2021, 7:23 a.m. Published Jan 18, 2018, 4:20 p.m.
The Taiwan Semiconductor Manufacturing Company (TSMC) has reported strong financial results in the fourth quarter, thanks in part to demand from cryptocurrency mining.
In a Jan. 18 statement, the world's largest independent semiconductor foundry said that it generated NT$277.57 billion (roughly $9.2 billion) in revenue during the fourth quarter, representing a year-over-year increase of 5.9%.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
On the hardware shipping front, TSMC said that its "advanced technologies," constituting wafers in excess of 28-nanometers, represented 63% of total wafer revenue.
Lora Ho, TSMC's senior vice president and chief financial officer, attributed the results to demand from cryptocurrency miners – who, through the energy-intensive mining process, add new transactions to blockchains and thereby mint new coins in the process as a reward – as well as mobile product launches.
According to Ho, that demand is expected to continue into 2018.
She was quoted as saying:
"Our fourth quarter business was supported by major mobile product launches and continuing demand for cryptocurrency mining. Moving into first quarter 2018, we expect the strong demand for cryptocurrency mining will continue while mobile product seasonality will dampen our business in this quarter."
The results mark a continuance of TSMC's performance – thanks in part to mining demand – as the company reported similar findings after the third quarter of 2017. At the time, TSMC reported a third-quarter revenue of $8.32 billion.
Image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin Faces Japan Rate Hike: Debunking The Yen Carry Trade Unwind Alarms, Real Risk Elsewhere
Speculators maintain net bullish positions in the yen, limiting scope for sudden JPY strength and mass carry unwind.
What to know:
- Impending BOJ rate hike largely priced in; Japanese bond yields near multi-decade highs.
- Speculators maintain net bullish positions in the yen, limiting scope for sudden yen strength.
- BOJ tightening may contribute to sustained upward pressure on global yields, impacting risk sentiment.
Top Stories
